Budget
  • GAO Calls for Use of Fiscal Rules and Targets to Corral the Debt

    By The Fiscal Times Staff

    The Government Accountability Office on Wednesday released a new analysis of the nation’s fiscal health, and the diagnosis is not good. “Our nation faces serious challenges at a time when the federal...

  • FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken

    Top CEOs Call for 'Major' Coronavirus Stimulus

    The CEOs of some of the country’s largest companies say the outlook for their businesses has improved somewhat compared to last quarter, but that the government must provide “further major support”...

  • 18. Washington

    House Passes Bill to Avert Shutdown

    By Michael Rainey

    The shutdown threat disappeared as quickly as it arrived. In a 359-to-57 vote Tuesday night, the House approved a continuing resolution to extend current funding levels through December 11 after...

  • Nancy Pelosi Weekly Press Conference

    Lawmakers Reach Deal to Avert Shutdown

    By Michael Rainey

    House Speaker Nancy Pelosi (D-CA) said Tuesday evening that she had reached an agreement with Treasury Secretary Steven Mnuchin on a three-month funding deal that would avert a shutdown of the...

  • Pentagon Used Coronavirus Funds for Military Supplies: Report

    By Michael Rainey

    As part of the $2 trillion Cares Act in March, Congress allocated $1 billion to the Defense Department to help it “prevent, prepare for, and respond to coronavirus.” According to a Washington Post...

  • FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken

    70% of Americans Support Additional Coronavirus Payments: Survey

    By Michael Rainey

    Although lawmakers and the Trump administration have been unable to agree on the next coronavirus relief package, which could potentially include stimulus checks, most Americans think the federal...

  • Investigators Flag Billions in Questionable Small Business Aid

    By The Fiscal Times Staff

    The Paycheck Protection Program lent more than $1 billion to small businesses that violated the rules of the program, a House investigative committee said Tuesday. In a preliminary report ,...

  • House Small Business Committee in Washington, DC

    Mnuchin Says Trump Wants a Deal on Covid Relief

    By Michael Rainey

    Appearing before a House panel investigating the federal response to the coronavirus pandemic, Treasury Secretary Steven Mnuchin told lawmakers Tuesday that the White House is ready to renew the...

  • Steel beams on the draw span, which needs replacement, are shown on the Arlington Memorial Bridge in Washington.

    Once Again, Infrastructure?

    By Michael Rainey

    Real interest rates are negative, which means the federal government is essentially getting paid to borrow money right now, once inflation is taken into account. Writing at Bloomberg Monday, Wall...

  • Biden Eyes Trillion-Dollar Stimulus as Negotiations Hit a Wall

    By Michael Rainey

    September is just around the corner, but the impending arrival of fall has done little to inspire lawmakers and the Trump administration to come to an agreement on the next coronavirus stimulus bill...